Some Salient Points of Convergence between Convention Theory and Regulation Theory

Bessis, Franck

Some Salient Points of Convergence between Convention Theory and Regulation Theory - 2008.


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This article introduces a positive definition of the heterodox analysis of institutions with a special emphasis given to the radical uncertainty hypothesis. This hypothesis provides the basis of a parallel presentation of two of the main French current heterodox approaches: the French Convention School and the Regulation Theory. Such a presentation enables to stress the main convergences between these approaches on the importance of regularities in conducts and expectations, their articulations with institutions and the principles of coherence required between these elements.

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